For the parents of a person with a disability, the question that weighs heavily on their minds is “Who will take care of our son or daughter with a disability when we are no longer able to do so, and where is the money going to come from?”

Did you know that the average cost to support a person with a disability is approximately $57,000/year in the community, $90,000/year in a nursing home, and $125,000/year in a state operated facility? These costs can wipe out a lifetime of savings in a short period of time unless you have done the necessary planning. Planning for the care of a person with a disability should be done with experienced advisors—including an attorney experienced in special needs estate planning. In most cases, a Special Needs Trust is an essential part of the plan. A properly drafted Special Needs Trust will allow your family member with a disability to become eligible for important governmental benefits or to preserve needed benefits that will help pay for some of the costs of care. 

The purpose of a Special Needs Trust is to manage your child’s financial resources while preserving eligibility for government benefits. Medicaid and other public benefits programs will not pay for everything your child might need. A Special Needs Trust can pay for medical and dental expenses, necessary or desirable equipment, training and education, insurance, transportation, and special foods that might not otherwise be available to your child without a Special Needs Trust. Although establishing a Special Needs Trust is important, it is equally important to make sure that the trust contains adequate financial resources. Through the use of a Special Needs Trust, the right kind of attorney and trustee, life insurance, annuities, and other financial tools, families can create the financial resources necessary to build the future they desire for their loved one with a disability.

Everyone Is Welcome, Inc. works with families to navigate through the complexities of establishing and funding Supplemental Needs Trusts. Call for a complimentary consultation appointment, and we will:

·       Explain the various types and how a Supplemental Needs Trust (SNT) work and can benefit your family;

·       Guide you in selecting the Supplemental Needs Trust (SNT) that best fits your family’s specific circumstances;

·       Assist you in connecting with an existing Supplemental Needs Trust that can serve as Trustee or enroll in one of their existing pooled Trusts if appropriate;

·       Assist you in connecting with an Elder Law/Estate Planning Attorneys that will draft individual Supplemental Needs Trust if appropriate;

·       Explore and determine the various sources available and tools needed to properly fund the Supplemental Needs Trust;

·       Suggest alternative strategies for funding a Supplemental Needs Trust;

·       Assist you selecting and securing the most appropriate financial tools to fund the Supplemental Needs Trust;

·       Assist you in connecting with an appropriate and reputable company to invest funded individual Supplemental Needs Trust funds.

 To schedule a complimentary appointment, call 630-302-0970 or email EIWelcome@comcast.net

Trust Services fees:

• Everyone Is Welcome, Inc. provides the above Trust services as follows:

• Complimentary 90 minute Trust consultation at no cost to you.

• Following the complimentary 90 minute consultation we charge $125.00/hour for time spent providing the service in increments of 15 minutes unless you purchase a product through Everyone Is Welcome, Inc.. We are then compensated through referral fees and commissions paid by the various companies and vendors used to support you in this process.

• To assist us in planning and maximize our time with you in our complimentary 90 minute consultation, it is recommended that you download, complete & return the following form prior to the appointment: (pdf)
  • Family Wealth Inventory and Assessment

   

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